Kusama network has successfully concluded its 6th parachain slot auction, with KILT securing the slot by locking 219,999.9 KSM. Shortly after, at 18:27, KILT was integrated into the Kusama relay chain, producing blocks as a parachain.
In addition, the Kusama Council passed Motion 350 at 18:20, officially initiating the 7th parachain slot auction on Kusama.
Current Top Bidders:
- Calamari (Manta's canary network): 190,490 KSM
- Basilisk: 77,872 KSM
- Altair (Centrifuge's canary network): 47,125 KSM
- Heiko (Parallel's canary network): 35,762 KSM
👉 Explore crowdloan details here
Kusama Parachains Overview:
As of now, Kusama hosts 7 live parachains:
- Statemine (allocated via governance as a common-good parachain)
- Karura, Moonriver, Shiden, Khala, Bifrost, and KILT (won via auctions)
Network Statistics:
- Total KSM locked in crowdloans: ~1,749,000 KSM (15.25% of total supply)
- Staking ratio: 42%
- Combined lockup (staking + parachains): 57.25%
FAQ
Q: How does a parachain auction work on Kusama?
A: Projects bid by locking KSM in a crowdloan. The highest bidder wins a slot to deploy their blockchain as a parachain for a limited lease period.
Q: What’s the difference between Kusama and Polkadot parachains?
A: Kusama serves as Polkadot’s "canary network," offering faster, riskier innovation with shorter lease periods, while Polkadot focuses on stability.
Q: Can KSM locked in crowdloans be unstaked?
A: Yes, KSM is returned to contributors after the lease period ends.
👉 Learn more about Kusama’s ecosystem
Note: This article focuses on technical updates; commercial promotions and external links have been removed for neutrality.
### Key SEO Keywords:
- Kusama parachain
- Slot auction
- KSM crowdloan
- Calamari network
- Polkadot canary network
- Blockchain governance